BJ’s Wholesale Club has reported an increase in sales for the first quarter driven by traffic growth and membership acquisition.

The warehouse club chain’s revenues rose 4.8 per cent to $5.1 billion for the quarter ended May 3.

Comparable club sales were up 1.6 per cent on a total basis and up 3.9 per cent when excluding gasoline sales, attributed to traffic growth and strong in-store execution.

Membership fee income improved 8 per cent to $120.4 million, primarily driven by membership acquisition, retention and higher tier membership penetration across new and existing clubs.

On the bottom line, net income increased from $111 million last year to $149.8 million.

“We reported a strong start to the year, demonstrating the power of our model and continued momentum in our long-term growth priorities,” said Bob Eddy, chairman and CEO. 

“Delivering great value is essential in today’s environment, and I am proud of our team members who remain committed to taking care of the families who depend on us.”

The company expects comparable club sales, excluding gasoline sales, to increase 2-3.5 per cent for the full year.

The chain announced earlier this year that it planned to open 25 to 30 clubs over the next two years.